News Centre

Monetary Policy In The Face Of Large Shocks − Speech By Silvana Tenreyro, Bank Of England, Member of the Monetary Policy Committee, Given At The Resolution Foundation And Hosted Jointly With The Society Of Professional Economists, London

Date 29/06/2023

In her final speech as an MPC member, Professor Silvana Tenreyro looks at the effects of the pandemic and the war in Ukraine on the UK economy. She discusses the challenges for policymakers responding to such large shocks.

BIS: FSB Proposed Framework For The International Regulation Of Cryptoasset Activities – Executive Summary

Date 29/06/2023

In October 2022, the Financial Stability Board (FSB) announced a comprehensive set of proposals for regulating and supervising cryptoasset activities, which are collectively referred to as the "proposed framework for the international regulation of cryptoasset activities". The FSB invited the public to submit feedback on the recommendations and on a set of questions1. The proposed framework is a part of the FSB's ongoing efforts to address the potential financial stability risks posed by cryptoassets2, including so-called "stablecoins."

CFTC Orders Australian Company to Pay Penalty for Both Federal and Exchange Platinum Futures Position Limits Violations

Date 29/06/2023

The Commodity Futures Trading Commission today issued an order filing and simultaneously settling charges against Australian-based company Challenger Life Company Limited (Challenger Life) for exceeding both the federal and exchange spot month speculative position limits for Platinum futures contracts traded on the New York Mercantile Exchange (NYMEX). The order requires Challenger Life to pay a $150,000 civil monetary penalty.

Canadian Securities Regulators Publish Framework For Commodity Benchmarks

Date 29/06/2023

Today, the securities regulatory authorities of British Columbia, Alberta, Saskatchewan, Ontario, Québec, New Brunswick, Nova Scotia, Yukon and Northwest Territories published advanced notice of implementation of final amendments to Multilateral Instrument 25-102 Designated Benchmarks and Benchmark Administrators (MI 25-102) that establish the framework for the designation and regulation of commodity benchmarks and the persons or companies that administer them.

BIS Appoints Maha El Dimachki As New Head Of The Innovation Hub Singapore Centre

Date 29/06/2023

• Currently leads UK's Financial Conduct Authority supervisory support for start-ups
• Extensive experience in payments infrastructure and operations in the public and private sector

Statement Of CFTC Commissioner Caroline D. Pham On Enforcing Federal Position Limits

Date 29/06/2023

I support the Commission’s Order instituting proceedings, making findings, and imposing remedial sanctions against Challenger Life Company Limited, for exceeding the CFTC’s established Federal spot-month speculative position limit for the New York Mercantile Exchange’s (NYMEX) April 2022 Platinum futures contract, and for exceeding the NYMEX delivery limit for the April 2022 and May 2022 Platinum futures contracts.  It is the first CFTC enforcement action under the CFTC’s 2021 final rule that implemented new Dodd-Frank Act authority to establish Federal speculative position limits for 16 additional agricultural, metals, and energy commodities and certain derivatives contracts related thereto (“2021 Final Rule”).

Confluence Unveils AI Strategy To Deliver Real Impact For The Investment Management Industry - Meet ‘Rex’: Confluence’s Large Language Model-Based Solution Reconciles Data From Investor Reports In Seconds

Date 29/06/2023

Confluence Technologies, Inc. (“Confluence”), a global technology solutions provider to the investment management industry, today announced the first development out of its innovation lab that leverages AI technology to solve complex industry problems.

investofund-group.com: BaFin Investigates InvestOFund

Date 29/06/2023

The Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin) warns consumers about the company InvestOFund and the services it is offering. BaFin has information that the company is providing financial and/or investment services on its website investofund-group.com without the required authorisation.

Rocket Boost For UK Economy As Financial Services And Markets Bill Receives Royal Assent - The Act Is Central To The UK Government’s Vision To Grow The Economy And Create An Open, Sustainable, And Technologically Advanced Financial Services Sector

Date 29/06/2023

A landmark Bill to regain control of the financial services rulebook has been granted Royal Assent today (Thursday 29 June).

CME Group: Micro WTI Crude Oil Futures Surpass 50 Million Contracts Traded, Now Fifth Most Actively Traded Energy Futures Contract

Date 29/06/2023

CME Group, the world's leading derivatives marketplace, today announced that trading in Micro WTI Crude Oil futures surpassed 50 million contracts on June 28, 2023 making it the fifth most actively traded energy futures contract at CME Group, behind only the benchmark WTI,   Henry Hub, RBOB and NY Harbor contracts.